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The biggest real estate news – the week ending 10 December 2023

By Staff Reporter
08 December 2023 | 5 minute read
Hot property TA

The final cash rate call of the year, an economist predicts another dip for home prices, and APRA holds firm to its serviceability buffer.

Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.

To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:

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  1. RBA delivers final rate call for 2023

After much anticipation, the Reserve Bank of Australia revealed whether 2023 would close with a cash rate hike or hold.

  1. ‘Double dip’ on the horizon for property prices, says economist

While a dwelling supply shortfall has had the upper hand this year, high interest rates and their lagged impact are now coming to the forefront, according to a lead economist.

  1. Borrowers to feel the pain as APRA holds buffers

The prudential regulator’s decision to uphold the 3 per cent serviceability buffer will continue to challenge borrowers.

  1. The 5 Aussie markets being crushed by low supply

Soaring populations, plummeting listings and double-digit rent growth – these five neighbourhoods are feeling the crunch.

  1. E-conveyancers ‘investing heavily’ following UK cyber attack

Local e-conveyancing providers are “taking several steps to ensure we remain vigilant” in the aftermath of the cyber attack overseas.

  1. REIA announces new president

The Real Estate Institute of Australia has unveiled an all-female leadership team – a first for the national body.

  1. Government pushes forward with Digital ID

Legislation has been presented before the Senate that aims to “strengthen and expand Australia’s Digital ID System” and could speed up the loan process.

  1. Victorian network unveils CEO succession plan

Long-serving CEO Nick Dowling is set to transition into an executive chairman role for the Jellis Craig group early next year.

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